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BrightBridge Credit Union · 3 days ago

Commercial Portfolio Manager (Bridgewater, MA)

Bridgewater, MA, US

Full-time

Onsite

Mid, Senior Level

$100K/yr - $124K/yr

4+ years exp

BrightBridge Credit Union is seeking a Commercial Portfolio Manager to oversee the asset quality and risk management of a portfolio of commercial and business loans. In this role, you will conduct annual reviews, assess borrower performance, and collaborate with internal teams to ensure adherence to policies and regulations.

BankingFinancial ServicesLendingMortgage

Responsibilities

Manages a portfolio of assigned loans including maintaining credit and legal files, quality control of loan closings, loan documents, system booking and credit file maintenance

Provides portfolio management, tracking reporting and file maintenance including tracking financial statements and completing annual reviews, covenant compliance, UCC and insurance expirations, and payment performance

Prepares/tracks/renews the following items as required; loan rate reset dates, loan funding requests, UCC expiration, hazard insurance, flood insurance, internal commercial servicing requirements, participation reconcilements and remittances, and financial covenants

Tracks and ensures Annual Reviews for all loans are completed in a timely manner either by a third party, Underwriting, or preparation of short form reviews in accordance with policy

Prepares documents for loan renewals, orders and tracks documents required to complete the loan file, including flood and general insurance, appraisals, loan disclosures and compliance

Supports the growth and development of the assigned commercial lending loan portfolio by effectively managing member loans and relationships

Establishes and maintains relationships with current members. Leverages customer knowledge to proactively identify and recommend opportunities to cross-sell additional loan and non-credit products to members

Works with members to extend, modify and/or restructure existing loans as needed. Assists in resolving credit problems, delinquent payment issues and other related affairs

Administers the lending process to conclusion including assisting with loan applications and packages, submission to underwriting, tracking, regulatory disclosures, compliance, and loan document preparation

Reviews loan applications for completeness prior to submission to VP, Head of Commercial Lending and internal or external Underwriting for review

Conducts pre-closing document review, reviews documents for accuracy and compliance with Loan Approval Memorandum and Commitment Letter terms and conditions

Assists lenders in preparation for closings, including ordering and reviewing legal and lien information from the Secretary of State. Prepares loan documents for closings and coordinates R/E closings with attorneys as appropriate

Conducts site visits (as needed with Loan Officer) and prepares site visit reports for loans in assigned portfolio

Ensures adherence to Credit policies and procedures, and regulatory requirements

Participates in evaluating risk ratings and makes recommendations for revisions

Interfaces with third-party underwriters and commercial loan servicers

Manages the quality control and maintenance of Credit and Legal files in assigned portfolio

Performs additional duties as requested

Qualification

Commercial lending experienceCredit trainingCredit policiesMS Office proficiencyAnalytical skillsOrganizational skillsCommunication skillsInterpersonal skills